The Saudi Arabia Capital Markets Authority (CMA) approved Naf for Feed for Industry Company’s application to register and offer 400,000 shares, representing 20.00% of its share capital, on the Parallel Market. The offering will be restricted to Qualified Investors as defined in the CMA’s Glossary of Defined Terms. The prospectus is expected to be published with sufficient time ahead of the start of the offering. The CMA noted that its approval confirms compliance with the Capital Market Law and implementing regulations and should not be treated as a recommendation to invest, with investors encouraged to conduct their own due diligence and seek advice if needed. The approval remains valid for six months from the CMA Board resolution date of 26 March 2025 and will be deemed cancelled if the offering and listing are not completed within that period.
Saudi Arabia Capital Markets Authority 2025-03-27
Saudi Arabia Capital Markets Authority approves Naf for Feed for Industry to offer 400000 shares in the Parallel Market
The Saudi Arabia Capital Markets Authority approved Naf for Feed for Industry Company’s application to register and offer 400,000 shares, representing 20% of its share capital, on the Parallel Market, restricted to Qualified Investors. The approval confirms compliance with the Capital Market Law but is not an investment recommendation. It remains valid for six months from 26 March 2025.